Gold Point Energy Corp.

Gold Point Energy Corp.

December 13, 2006 10:18 ET

GP Energy Financing Amendment

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 13, 2006) - Gold Point Energy Corp. (the "Company") (TSX VENTURE:GPE) (FWB:WKN # A0HGQ1) announces an amendment to the $250,000 brokered financing announced on December 8, 2006. The financing will be increased to $300,000 and will be a non-brokered private placement. Upon completion of the financing the Company will be issuing 750,000 units at 40 cents per unit. Each unit consists of one share and one warrant. Each warrant will entitle the holder to acquire one additional share at a price of 50 cents for a period of two years following the date of closing of the offering. The warrants will be transferable and, subject to evidence of satisfactory distribution in accordance with the rules of the TSX Venture Exchange, will be listed and posted for trading on the exchange. A commission may be payable on a portion of this private placement.

This transaction is subject to regulatory approval.

The net proceeds received by the Company will be used to fund on-going work programs on the Company's properties and for general working capital purposes.


Nick DeMare, Chief Financial Officer

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